Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

During November at ABC Company, OMR83,000 of raw materials were requisitioned from the storeroom and used in production. These raw materials included both direct and

image text in transcribed

During November at ABC Company, OMR83,000 of raw materials were requisitioned from the storeroom and used in production. These raw materials included both direct and indirect materials. The indirect materials totaled OMR4,000. The journal entry to record the material requisition from the storeroom would include a: Select one: a. None of the answers given b. Debit to raw materials of OMR73,000 c. Debit to manufacturing overhead of OMR5,000 d. Debit to work in process of OMR73,000 e. Credit to work in process of OMR68,000 f. Credit to manufacturing overhead of OMR5,000 The manufacturing cost of XYZ Company during October includes prime costs of OMR85,000. The manufacturing overhead is 20% of the month's total manufacturing costs. If beginning work in process was OMR25,000 and ending work in process is OMR21,000, the cost of goods manufactured is: Select one: a. OMR108,250 b. None of the answers given c. OMR110,250 d. OMR102,250 e. OMR106,000 Company XYZ produces computer laptops. During July 2019, the company produced 1,000 laptops. The company incurred OMR4,000 direct materials, OMR12,000 direct labor, OMR21,000 variable manufacturing overhead, OMR2,000 fixed manufacturing overhead and OMR9,000 total selling and administrative expenses. Calculate the manufacturing cost per unit for the month of July. Select one: a. OMR39 b. OMR48 c. OMR16 d. OMR37 e. OMR23

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Planning And Control

Authors: Milton F Usry

9th Edition

053801881X, 978-0538018814

More Books

Students explore these related Accounting questions